How much are you earning per annum?

Just came back from Car Expo. What a crowd. Looks like COE trend will continue it's trend up. Huat ah!

Originally Posted by Unregistered

we will try to hang on for another 5 years. hopefully can make enough for another property which we could buy for rental income.... but in the meantime, have to endure with the stressful life... that's Stinkapore.

so be it if you love money more than your kids

Originally Posted by Unregistered

Just came back from Car Expo. What a crowd. Looks like COE trend will continue it's trend up. Huat ah!

This is not surprising. New cars are now becoming more affordable. New cars are no longer status symbols as 40% of households own at least one car. With household incomes rising in each family, owning a new car is no longer a big deal. For instance, if a new car cost $100k, this means the cost of car ownership is only $10k per year. Given that many families have a household income of $100k pa, this represent only 10% of their annual income. Most families buy cheap BTO flats which they pay by CPF. This means they have a lot of disposable income to set aside for car ownership. Hence thanks to our cheap BTO flat policy, cars are becoming very commonly owned and this cause huge traffic jams on our roads. It is time we reduce the number of cars on the roads by reducing the number of cars. We should have negative growth policy of COEs.

The car sales man strike again!

Originally Posted by Unregistered

This is not surprising. New cars are now becoming more affordable. New cars are no longer status symbols as 40% of households own at least one car. With household incomes rising in each family, owning a new car is no longer a big deal. For instance, if a new car cost $100k, this means the cost of car ownership is only $10k per year. Given that many families have a household income of $100k pa, this represent only 10% of their annual income. Most families buy cheap BTO flats which they pay by CPF. This means they have a lot of disposable income to set aside for car ownership. Hence thanks to our cheap BTO flat policy, cars are becoming very commonly owned and this cause huge traffic jams on our roads. It is time we reduce the number of cars on the roads by reducing the number of cars. We should have negative growth policy of COEs.

Your parents forgot to teach you how to write the word "shame"?

Originally Posted by Unregistered

The car sales man strike again!

He is doing us all a favour by keeping us updated on COE prices. Thank you car sales man!

Originally Posted by Unregistered

He is doing us all a favour by keeping us updated on COE prices. Thank you car sales man!

And contributing towards 2 million readership. Good job. Huat ah.

Singapore is the happiest country in Asia based on the latest report on happiness. Why are we the happiest nation in Asia?

1. Among the highest GDP per capita in the world.
2. Household incomes rising.
3. Cheap BTO flat policy. First time buyers have no problem owning their first home.
4. Cheap new cars, relative to household income. Those that can't afford new cars can buy used cars. 40% of households own at least one car. We have one of the highest car ownership ratio among global cities. In NY, even the top managers take the train whereas in Spore, the average income earner can afford a car.
5. Caring nation. Many do volunteer work in charities.
6. Low level of crime & corruption.
7. Caring government. Our CPF Special Account can earn 4% risk free.
8. Good infrastructure of roads and MRT system.
9. Overall, excellent government.
10. Many more reasons.

Originally Posted by Unregistered

Yes, one of us is contemplating as we have too little time for our children, but it's just difficult to give up that $30k monthly pay cheque.

we are staying in a paid up condo in the heartland- worth maybe $1.3m. Have some other stocks invested, insurances etc. but i figure out probably net worth including stay in property is maybe $2m at middle 40s. Think have to hang on for another 10 years.

Shrewd property and stock investment is key to build wealth.

These 3 guys I know in mid 40s, wife dont need to work:

Lawyer, bungalow home, net worth at least $8M
Broker, semi D home, net worth at least $6M
Treasury head, multiple properties, net worth at least $10M

Originally Posted by Unregistered

Shrewd property and stock investment is key to build wealth.

These 3 guys I know in mid 40s, wife dont need to work:

Lawyer, bungalow home, net worth at least $8M
Broker, semi D home, net worth at least $6M
Treasury head, multiple properties, net worth at least $10M

In the past those who were middle class could invest in multiple properties and climb to the upper class. Now it is no longer possible with the cooling measures. Property investment is now reserved for those who are already upper class. A middle class family will not be able to hold so many properties in today's climate.